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Analysis of Gold for April 23, 2018

Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,329.00. According to the H1 time – frame, I found a breakout of the upward channel, which is a sign that sellers are in control. I also found a very consistent supply, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $1,342.20, $1,319.80 and at the price of $1,305.20.